Governments expected to close in on a global carbon price at UN talks next week

The IMO is expected to advance negotiations on what could be the world’s first universal carbon price (e.g. a levy) on a global polluter. This policy sees consistent, growing support among the IMO’s 175 member states. Governments agreed under the IMO’s 2023 Revised Strategy that shipping needs a ‘GHG emission pricing mechanism’, and to adopt …

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Alliance networks taking shape

We know more about what the landscape for East-West container services will look like in 2025 after this week, but there is still plenty of uncertainty with the final network to be dictated by external events. The reshaping of container alliances and their East-West liner schedules for 2025 took a big step forward this week …

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Action needed to meet growing demand for sustainable fuels on Rotterdam-Singapore shipping corridor

As the maritime industry accelerates efforts to decarbonise, the Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) is set to play a key role in reducing emissions from large container vessels. The potential demand for sustainable variants of methane and methanol for container vessels on the Rotterdam-Singapore route could reach up to 5 million tonnes per …

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WFW advises BPER on Red Coral bulk carrier financing

Watson Farley & Williams (“WFW”) advised BPER Banca S.p.A. (“BPER”) on a medium to long-term financing of up to approximately US$7.7m to Maltese company Red Coral Bulkers Ltd. (“Red Coral”) for the purchase of the bulk carrier “Archagelos Michael”. Archagelos Michael, originally under the Liberian Registry and currently registered by Red Coral in the Maltese …

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Isle of Man Ship Registry marks 40th anniversary with celebratory London event while promising to promote decarbonisation and pioneer seafarers’ welfare

The Isle of Man Ship Registry (IOMSR) has marked its 40th anniversary with an event in London as the Douglas based registry seeks to cement its position as one of the world’s most progressive flag states. The celebrations, which were attended by a host of key figures across the maritime industry, took place at the …

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Satisfying present & future project demands – AAL’s third Super B-Class vessel, the ‘AAL Houston’, sets sail

Premium project heavy lift carrier AAL Shipping (AAL) has taken delivery of the third Super B-Class vessel in its eight-vessel-strong third generation newbuilding fleet, the ‘AAL HOUSTON’, as the 32,000 dwt dual fuel multipurpose heavy lift vessel prepares for her maiden voyage. Named after AAL’s hub of operations in the Americas, the formal naming ceremony …

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